MUFG buys 21 percent stake in Morgan Stanley

" NEW YORK (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it bought a stake in beaten-down Morgan Stanley, though at more favorable terms, as the U.S. government reportedly offered to support the Japanese bank's investment. Mitsubishi UFJ, Japan's...

Financial Weapons Of Mass Destruction

"Financial Weapons Of Mass Destruction photo credit: laffy4k New York Times called the possibility of an AIG liquidation “as close to an extinction-level event as the financial markets have seen since the Great Depression.” We keep hearing that the current...

Cindy McCain defends Palin pick, husband

Notice, now it's 8 homes AND that Cindy McCain thinks that the close proximity of Alaska to Russia makes for good foreign policy experience.Sounds to me like Cindy has had one too many hair treatments!"WASHINGTON - Cindy McCain said Sunday that Republican vice...

Merrill set to sell Bloomberg stake for $4.5bn

Some interesting news for those who follow the fate of Michael Bloomberg.  It seems the meltdown in the financial sector has allowed him to buy back a big stake of his empire from Merrill Lynch."Merrill Lynch is set to sell its 20 per cent stake in Bloomberg for about...

Rock, Paper, Scissors May Be Worth 50K To Kennesaw Student

Emma Gay, a Kennesaw State University Psychology major, is on her way to Vegas and a possible purse of $50,000.  All she has to do is win at rock, paper scissors."As a recap, rock, paper, scissors is the childhood game where two people face each other and, at the count...

Warren Buffett's stake helps Mars take over Wrigley

"Warren Buffett took advantage of the credit crunch yesterday as Mars announcedan agreed $23 billion (£11.5 billion) takeover of Wrigley in a deal that theworld’s richest man helped to finance in return for a cut-price stake in thechewing gum group.Mr Buffett’s Berkshire...